SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2251%/8h= +246.5% APRnext payment +$2.81 per $10,000 · paid last 24h +0.632%

Price spread now: GMX against Backpack−0.150%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.150% cheaper against Backpack than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5 hours of funding at the current rate (+$68 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000006009	0.0153	pay 0.0019% / 1h	50m 45s	$25K	$5K	15x
Short	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	50m 45s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee GMXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $472.7
Price spread: −0.150% → 0.000%: −$14.98
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $435.73
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Backpack: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Backpack and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SHIB on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000006014	+0.075%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006010	+0.018%	$58K	$1.7M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006014	+0.083%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006009	+0.003%	$731	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0008%	1h	0.000006004	−0.083%	$90K	$761K	50x	as long as short
BingX 1000SHIB-USDT	+0.0068%	8h	0.000006011	+0.033%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006019	+0.166%	$153K	$286K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006012	+0.056%	$36K	$179K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006019	+0.166%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006021	+0.200%	$29.4M	$89.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006013	+0.067%	$7.6M	$28.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006009	0.000%	$6.8M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006012	+0.050%	$31.8M	$15.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006011	+0.033%	$4.9M	$2.3M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006014	+0.083%	$11.7M	$12.4M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006014	+0.083%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006020	+0.183%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006008	−0.017%	$541	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006011	+0.033%	$405K	$617K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006012	+0.050%	$2.2M	$5.5M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0103%	8h	0.000006018	+0.155%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006006	−0.052%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0141%	1h	0.000005975	−0.566%	$245	$99K	5.5x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0153%	1h	0.000006009	long leg	$25K	$5K	15x
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000006000	−0.150%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006003	−0.100%	$709K	$941K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006006	−0.057%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0360%	1h	0.000006010	+0.021%	$1.1M	$765K	50x	as long as short
Hyperliquid kSHIB	+0.0972%	1h	0.000006025	+0.266%	$4.4M	$3.8M	10x	as long as short